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Liberis to extend small business financing to 10 European countries through myPOS partnership
Liberis , a leading global embedded finance platform , announced a partnership with myPOS , an award-winning FinTech platform and payment service provider to European SMEs . This partnership will enable myPOS to offer revenue-based financing in 10 European countries starting with the UK , providing small businesses with the money they need to fund new projects , address business challenges and expand at their own pace .
myPOS and Liberis ’ partnership will provide revenue-based financing initially to merchants in the UK and then expand across countries , including Germany , Ireland , Iceland and Finland . This partnership will provide muchneeded financing across Europe , at a time when it needs it most .
SMEs employ two out of three people and provide 85 % of new jobs in Europe , with 99 % of companies falling into this category . According to the EIF ’ s latest working paper , SMEs rely disproportionately on bank-based debt instruments , despite one in four reporting difficulty accessing finance .
New Alibaba . com research reveals optimistic business outlook for global SMEs
Global small- and mediumsized enterprises ( SMEs ) are increasingly optimistic about their future business prospects , according to new research from Alibaba . com , a leading platform for business-tobusiness ( B2B ) e-commerce .
Based on a study of over 2,000 SME decision-makers across France , Germany , the UK and the US conducted at the end of August , Alibaba . com ’ s Global SME Confidence Index highlights 69 % of SME decisionmakers are more positive about their business growth opportunities when compared to six months ago .
SMEs in Germany are the most optimistic – 74 % of those surveyed are more positive about their business growth opportunities when compared to six months ago – while 65 % of SMEs in France said the same .
Yet , SMEs ’ positive outlook for Q4 2024 and beyond is hampered by certain challenges . Inflationary pressures top the list at 38 % of the vote , followed by challenges in marketing and customer acquisition ( 31 %).
BCRS Business Loans increase investment for small businesses
Community lending specialists , BCRS Business Loans , has extended its support for businesses by increasing its upper loan limit to £ 250,000 .
BCRS Business Loans works with SMEs across the West Midlands and Wales which are unable to access finance from traditional sources . It has increased its maximum lending limit from £ 150,000 to £ 250,000 .
BCRS Business Loans Chief Executive , Stephen Deakin , said : “ We are delighted to be able to increase our upper loan limit to £ 250,000 .
“ At BCRS we are clear that no viable business should go unsupported and the increase in the lending limit shows our dedication to helping businesses achieve their goals and prosper .
“ The additional financial support now available will allow more businesses across the West Midlands and Wales to benefit from finance from BCRS and we are proud to continue to make a positive impact in the communities in which we operate .” �
10 Intelligent SME . tech